PSTG Stock Recent News
PSTG LATEST HEADLINES
The latest trading day saw Pure Storage (PSTG) settling at $65.20, representing a -0.17% change from its previous close.
Pure Storage continues to gain market share within its category of all-flash-arrays in enterprise data centers. Pure shares have risen by almost 80% in 2024 but pulled back 10% recently due to concerns about AI opportunities and competitive pressures. Pure is transitioning to a subscription model, impacting reported revenue growth but expected to accelerate reported revenue growth margins in the future.
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Pure Storage is falling after UBS published bearish coverage on the stock. UBS raised its price target for Pure Storage, but it downgraded the stock from neutral to sell.
Two cloud-based software stocks are making moves today, for two very different reasons.
Pure Storage (PSTG) reported earnings 30 days ago. What's next for the stock?
Pure Storage (PSTG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Pure Storage NYSE: PSTG is riding a wave of demand, with revenue rising and margins expanding. The combination has lifted the stock price by 500% since the 2020 low and by 100% in the last six months.
Pure Storage (PSTG) benefits from strong sales momentum owing to steady demand for its product portfolio amid soft macroeconomic conditions.